Wall Street's Latest Sentiment on Stocks

The "Sell Side Indicator" — our measure of Wall Street's bullishness on stocks — increased in August to 52.9 from 52.3. The indicator has improved in ten of the last thirteen months after hitting an all-time low of 43.9 last July, and is now at its highest level since April 2012, when it first flashed a "Buy" signal.

The Sell Side Indicator is based on the average recommended equity allocation of Wall Street...